Telecom
MTN Mulls N3.50 Interim Dividend amid Drop in Profit

Shareholders of MTN Nigeria Communications Plc will get the sum of N3.50 paid to them for each of the company’s stock in their possession.

This is what the board of the telco is proposing to pay as an interim dividend for the half-year ended June 30, 2020.
This information was contained in the financial statements of the organisation submitted to the Nigerian Stock Exchange (NSE).
The interim dividend is subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the register of members as at the close of business on August 14, 2020, MTN Nigeria said.
Also, it stated that the register of members will be closed from August 17, 2020, while the cash reward would be paid electronically directly to bank accounts of shareholders on August 24, 2020.
In the period under review, MTN Nigeria increased its revenue by 12.5 per cent to N638.1 billion from N567.0 billion in the corresponding period of last year.
The 15.6 per cent growth in the mobile subscriber base of MTN Nigeria to 71.1 million provided support for the 2.8 per cent rise in the voice revenue, which contributed 67.9 per cent to the service revenue of N637.0 billion versus N565.9 billion in H1 2019.
Also, data revenue, which accounted for 24.2 per cent of the service turnover, grew in the period by 57.6 per cent to N154.1 billion from N97.8 billion in the first six months of 2019.
According to the telco, this significant increase in data consumption of its customers was achieved through improved 4G penetration and enhanced network capacity to support traffic growth due to the lockdown imposed on Lagos, Abuja and Ogun State in the most part of the second quarter of the year by the federal government.
In the period under review, 4.0 million new smartphones were added to MTN Nigeria network, bringing the smartphone penetration to 43.5 per cent on its base.
Also, in the first half of 2020, the digital revenue of MTN Nigeria continued to rise, with digital offerings recording a growth of 121.8 per cent and this was because of the uptake of its digital products and services.
In addition, fintech revenue recorded a growth of 29.6 per cent, driven by the airtime lender platform called MTN Xtratime as well as the agent network. The total number of transactions processed by its agents during the period was over 14.6 million.
For capital expenditure, there was a 20.9 per cent decline to N76.0 billion because of slower site rollout caused by port congestion, movement restriction and scarcity of foreign exchange.
Also, the pre-tax profit of MTN Nigeria dropped 2.0 per cent as a result of an increase in finance costs from higher borrowing. In the first half of the year, the company issued a N100 billion commercial paper at 5.74 per cent, allowing the firm to widen its sources of funding.
In addition, the post-tax profit and earnings per share (EPS) depreciated by 4.7 per cent respectively, reflecting an increase in taxation mainly due to lower investment allowance and exempt income.
Telecom
Samsung Cuts Hundreds of U.S. Jobs as Consumer Electronics Business Moves to Texas

Samsung Electronics has laid off hundreds of employees in its United States consumer electronics business as part of a headquarters relocation from New Jersey to Texas, amid mounting pressure on its mobile and home appliance divisions.

The South Korean technology giant said Samsung Electronics America (SEA) would relocate its headquarters to Texas, a move affecting 739 positions in Englewood Cliffs, New Jersey.
The company said most affected employees had been offered relocation packages, while others were laid off.
In Plano, Texas, about 100 employees, including workers in Samsung’s mobile division, were also dismissed, according to a source familiar with the development.
Samsung said the relocation could lead to workforce changes involving employees unable to relocate and the restructuring of certain functions to align with business priorities.
Documents cited by Reuters indicated that affected employees were informed on June 30 of an enterprise-wide workforce reduction that would have a significant impact on staff.
Several employees also disclosed their departures through posts on LinkedIn, including senior sales and marketing executives based in Texas and New Jersey.
The layoffs come despite Samsung’s semiconductor division recording strong growth driven by rising global demand for artificial intelligence (AI) chips.
The company recently projected a 19-fold increase in second-quarter profit, supported by booming AI-related chip sales, and announced plans to invest hundreds of billions of dollars in expanding chip manufacturing.
However, Samsung’s consumer electronics business continues to struggle with higher semiconductor costs and increasing competition.
Its mobile division is expected to record its first-ever operating loss as it faces stiff competition from Apple, while Chinese brands, including TCL and Hisense, continue to gain market share in the television and home appliance segments.
Industry observers say the contrasting performance highlights Samsung’s growing reliance on its semiconductor business as consumer electronics revenues weaken.
Samsung denied reports of a broader global restructuring, insisting there was no company-wide overhaul of its consumer products division.
According to the company, relocating its U.S. headquarters is intended to improve collaboration and strengthen operations within Texas’ expanding technology and AI ecosystem.
Texas has increasingly attracted major technology companies due to its lower taxes and business-friendly environment, with firms such as Tesla and Oracle also relocating significant operations to the state.
Samsung already operates semiconductor manufacturing facilities in Texas, alongside its mobile operations hub in Plano.
As of the end of 2025, Samsung Electronics employed about 11,770 workers across the United States, including staff in its semiconductor business.
Meanwhile, Samsung SDS America, the company’s IT services affiliate, has also notified authorities that 179 positions could be affected by the relocation of its North American headquarters, although Samsung said the move was unrelated to layoffs or corporate restructuring.
Telecom
NCC Urges African Unity Ahead of ITU 2026 Conference, Calls for Stronger Telecom Collaboration

Nigerian Communications Commission has urged African countries to adopt a unified and technically coordinated position ahead of the 2026 International Telecommunication Union Conference, saying stronger regional collaboration is essential for the continent to influence global telecommunications and digital economy policies.

The Executive Vice-Chairman of the NCC, Dr Aminu Maida, made the call on Monday in Abuja while declaring open the African Telecommunications Union Conference Preparatory Committee meeting.
Maida said Africa must strengthen cooperation to shape global telecommunications and digital economy policies, noting that the two-day meeting was expected to produce greater continental alignment ahead of ITU 2026, establish practical collaboration mechanisms between conferences and sustain Africa’s technical participation in ITU processes.
“Preparation is not a procedural step; it is the place where coherence is built,” he said. “Africa must prepare together, work together and arrive at global forums with solutions that are both coherent and technically compliant.”
He said the committee would review the ATU’s activities between 2023 and 2026 and prepare agenda items, resolutions, decisions and recommendations for the 18th Conference of the Union.
According to him, while the forthcoming ATU conference will determine the direction of the continental body, the ITU conference will shape global telecommunications leadership and priorities.
Maida stressed that Africa’s influence at international forums would depend less on the size of its delegations than on the quality of its preparation, the coherence of its positions and consistency in advancing them.
He identified spectrum management, artificial intelligence governance, data protection, universal access, cybersecurity and digital infrastructure development as priority areas requiring stronger collaboration among African countries.
“No administration can address these challenges effectively in isolation. Our regulatory cooperation must therefore become more continuous, more technical and more institutionalised,” he said.
The NCC boss also called for greater support for African experts to participate actively in technical discussions where international standards and frameworks are developed.
“Our objective in Africa is not to resist global standards. It is to help shape standards that are globally sound and sufficiently informed by African realities,” he added.
He commended the leadership of the African Telecommunications Union for strengthening the coordination of Africa’s positions at the ITU and other international platforms.
Maida reaffirmed Nigeria’s commitment to supporting the ITU process through technical expertise, regulatory experience sharing and peer learning among African administrations.
Earlier, the Permanent Secretary of the Federal Ministry of Communications, Innovation and Digital Economy, Nadungu Gagare, described the meeting as critical to advancing Africa’s digital transformation agenda.
He said the committee’s recommendations would provide the foundation for decisions at the forthcoming ATU Conference of Plenipotentiaries and expressed confidence that the deliberations would strengthen the union’s capacity to promote inclusive and sustainable digital development across the continent.
“As we navigate an era of rapid technological advancement and digital innovation, the importance of collaboration among member states has never been greater,” Gagare said.
Also speaking, the Secretary-General of the ATU, John Omo, said the Conference Preparatory Committee plays a vital role in processing documents and proposals ahead of the main conference to enable member states to adopt common positions.
Omo disclosed that the union’s membership had increased from 49 to 52 countries, while associate membership had risen from 50 to 56, with 18 African academic institutions now participating in its activities.
He said the ATU had recorded progress in broadband development, satellite communications, spectrum coordination, internet governance, rural broadband, standardisation and digital infrastructure resilience.
However, he expressed concern over irregular financial contributions by some member states, warning that predictable funding remained essential for implementing the union’s programmes effectively.
Omo added that the forthcoming conference would elect members of the Administrative Council and a Secretary-General for the 2027–2031 tenure.
He commended the Federal Government, the NCC and the Ministry of Communications, Innovation and Digital Economy for hosting the preparatory meeting, which brought together representatives of African countries, academia, sector members and development partners to discuss the continent’s telecommunications and digital future.
News
NITDA Communications Director Hadiza Umar Named in 2026 PR Power List, Graces Glazia Magazine Cover

Mrs. Hadiza Umar, Director of the Corporate Communications and Media Relations Department at the National Information Technology Development Agency (NITDA), has been officially recognised as one of Nigeria’s top public relations professionals in the prestigious 2026 PR Power List.

The definitive annual list, compiled by GLG Communications in partnership with The Guardian, was unveiled to commemorate World PR Day.
It celebrates 50 outstanding professionals within Nigeria and the diaspora whose strategic communication strategies have significantly shaped organisations, influenced public discourse, and advanced the profession over the past 12 months.
Adding to the momentous milestone, Mrs. Umar was hit with a major surprise at the exclusive PR Power List Soirée and Awards ceremony held at the Alliance Française in Ikoyi, Lagos, where she was unveiled as a front-cover personality for the Glazia Magazine PR Power List Special Issue.
The double recognition highlights her exceptional distinction and impact in public sector communications and narrative management.
Speaking on the dual achievement, Mrs. Umar expressed profound gratitude for the honours, describing the magazine cover appearance as a breathtaking surprise.
“I am deeply humbled and honored to be recognized on the 2026 PR Power List and to feature on the cover of Glazia Magazine alongside other exceptional industry titans,” Umar said.
“This milestone is a testament to the enabling environment and visionary leadership of the Director General of NITDA, Kashifu Inuwa Abdullahi, CCIE, which has allowed us to strategically drive the narrative of Nigeria’s digital economy and technological innovation.”
Mrs. Umar, a highly respected corporate communications strategist, holds professional fellowships in the Nigerian Institute of Public Relations (Chartered), the African Public Relations Association (APRA), and the Institute of Corporate Administration (CICA).
Under her supervisory role, NITDA’s media relations have consistently projected national information technology frameworks, start-up support frameworks, and digital literacy initiatives, to position Nigeria competitively on the global stage.
The 2026 PR Power List selection process involved a rigorous, independent evaluation led by a distinguished international jury.
The organisers noted that the class of 2026 represents professionals raising the standard of strategic communications and introducing new ideas to the industry.
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